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Report: Airbnb valuation near $10 billion

Airbnb, a site that allows users to rent out couches, rooms apartments and homes could be valued as much as $10 billion, a report says. According to The Wall Street Journal, the startup is in the process of

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Report: Airbnb valuation near $10 billion

Report: Couch surfing site in the process of raising $400-$500 million, valuing it at around $10 billion.

This Oct. 14, 2013 screen shot provided by Airbnb from their website shows a typical search for listings of rooms to rent, in this case in the Queens borough of New York, through Airbnb. New York City tourists these days are increasingly opting to rent space in a strangers' house through sites like Airbnb to avoid staying in a pricey hotel, but officials say the practice is often illegal, undercuts the hotel industry, avoids taxes and threatens apartment building safety.(Photo: AP)